JZ Capital sold PetroCorner and Kingbook to BP for €12.1m.

JZ Capital Partners sold PetroCorner, a network of petrol stations throughout Spain, and Kingbook, an investment company, to a Spanish subsidiary of British Petroleum for €12.1m. David Zalaznick, JZCP’s Founder and Investment Adviser, commented: “Petrocorner was a highly successful result of our buy-and-build strategy in the retail petrol sector. Our management partners did a superb job and we thank them for all their hard work. For JZCP, the Petrocorner sale represents a further step towards our primary goal to achieve liquidity through realisations and refinancings. We hope to report on additional liquidity events throughout 2019.”